AMENDMENT TO EMPLOYMENT AGREEMENT
The following is an Amendment to the Employment Agreement by between
Xxxxxxxx.xxx, Inc., (the Company) and Xxxxxxx X. Xxxxx (the Executive) dated May
27, 1999. This Amendment is entered into and effective on December 15, 1999,
("Effective Date")
The following Amends Section 3 "Compensation" of the Employment Agreement
entered into on May 27, 1999 by and between the Company and the Executive to
read the following,
As compensation for his services hereunder, (a) the Company shall pay the
Executive during the Employment period a salary at a rate of Twelve Thousand
Five Hundred dollars ($12,500) (hereafter the "base Salary") per annum.
Executive's Salary shall accrue and be payable upon the completion of the
Company's Initial Public Offering and shall be paid in full at such time,
notwithstanding whether the one year initial term has been reached.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Agreement as of the day and year first above written.
By: /s/ Xxxxxxx X. Xxxxx
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Board of Directors, Xxxxxxxx.xxx, Inc.
Xxxxxxx X. Xxxxx, Director (s)
By: /s/ Xxxxxxx X. Xxxxx
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Xxxxxxx Xxxxx
Executive
